Corpay Inc

Corpay Inc. reported record second-quarter 2026 results with revenue of $1.34 billion, up 21% year-over-year and $45 million above expectations, while cash earnings per share reached $7.00, up 36% and an all-time company record. Management raised full-year 2026 revenue guidance to $5.31 billion at the midpoint, representing 17% growth, and lifted cash EPS guidance to $27.35, up from an initial $26 target and implying 28% growth for the year. The company recorded a $100 million settlement charge tied to an FTC matter, still subject to final commission approval, and operating costs rose 9% excluding currency, stock compensation, and amortization. Corpay is also divesting Epics, a smaller vehicle payments asset, in a deal expected to close between September and October, which is expected to cut 2026 revenue by about $40 million, though proceeds will fund buybacks to keep the earnings impact neutral. Hedge fund interest edged higher with 43 funds holding positions versus 42 in the prior quarter, and short interest sits at 4.09% of float, while the stock trades at a forward P/E of 16.13 as of August 14.

Corpay's price target was raised by multiple brokers following its second-quarter earnings beat. Revenue increased 21% to $1.34 billion, with organic revenue growing 10% for a fifth consecutive quarter, while adjusted earnings per share climbed 36% to $7. JPMorgan raised its price target to $470 and lifted earnings estimates, citing confidence in operating execution and capital deployment. Analysts at Baird, Raymond James, KBW, Oppenheimer, UBS, Deutsche Bank, RBC, and Cantor Fitzgerald also highlighted the company's durable double-digit organic growth, improving business mix, and disciplined capital allocation as reasons for continued outperformance.

Zacks Equity Research recommends buying five financial transaction stocks to enhance portfolio returns amid the digital finance revolution. The featured companies are Corpay, Jack Henry & Associates, Visa, Virtu Financial, and JPMorgan Chase, each carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy). Corpay is expected to grow revenue and earnings by 17.3% and 25.6% respectively this year, with its consensus earnings estimate rising 3.1% over the last 60 days. Jack Henry & Associates sees revenue and earnings growth of 5.9% and 4.1% for the year ending June 2027, with its estimate up 1.7% in 90 days. Visa projects low-teens revenue growth for fiscal 2026, with expected revenue and earnings growth of 13.4% and 14.2% for the year ending September 2026, and its estimate improving 0.1% over 30 days. Virtu Financial, the sole Strong Buy, anticipates revenue and earnings growth of 10.6% and 13.6% this year, with its estimate climbing 5.2% in 60 days. JPMorgan Chase forecasts revenue and earnings growth of 7.9% and 11.9% this year, with its estimate edging up 0.1% in the last seven days.

Corpay's Cross-Border business signed an agreement with Fever, making Corpay the live entertainment platform's exclusive global foreign exchange partner across multiple international regions. The stock trades about 12.5% below the average analyst price target and at a 46.6% discount to an intrinsic estimate of $658.21 per share, according to a Simply Wall St discounted cash flow model. A separate narrative pegs fair value at $395.14, above the last close of $351.16, implying an 11.1% undervaluation. The company has been expanding its international cross-border platform through product launches like the multicurrency account, extension of services to new customer verticals, and accretive acquisitions.

Middle Coast Investing noted in its second-quarter 2026 investor letter that Corpay, Inc. posted a triple beat—surpassing analyst estimates for the prior quarter, issuing better-than-expected current-quarter guidance, and raising its full-year outlook. Despite the stock jumping 12.5% after earnings, it gave back about half of those gains and ended the quarter up roughly 15%, merely in line with the broader market. The firm suggested Corpay may simply be out of the current winner's basket, as market performance continues to be driven by trends and baskets rather than company fundamentals. The portfolio returned 12.5% in the second quarter versus 14.9% for the S&P 500 Index, while year-to-date it returned 7.7% compared to 9.6% for the index.

Corpay announced that its Cross-Border business has signed an exclusive agreement to become the Official Global Foreign Exchange Partner for live-entertainment discovery and ticketing platform Fever. The partnership will allow Fever to use Corpay Cross-Border's solutions to manage foreign exchange exposure from daily activities. Brad Loder, Chief Marketing Officer of Corpay Cross-Border Solutions, said the deal reinforces the company's position as a leading provider of corporate payments and currency risk management in the live entertainment industry and expands its global partnership program into event ticketing.

Zacks Equity Research recommends five mobile payment stocks—Visa, Paymentus Holdings, Corpay, Sezzle, and Remitly Global—as buys for long-term portfolio enhancement. Each stock carries a Zacks Rank #2 (Buy). Visa is expected to achieve revenue and earnings growth of 13.4% and 14.1%, respectively, for the current fiscal year ending September 2026, with its consensus earnings estimate rising 2% over the last 60 days. Paymentus Holdings has projected revenue and earnings growth of 19.9% and 19.7%, with its estimate up 3.9%. Corpay's expected growth rates are 17.3% for revenue and 25.6% for earnings, with a 3.1% estimate increase. Sezzle is forecast to grow revenue 31.6% and earnings 41.8%, with an 8.5% estimate improvement. Remitly Global's revenue growth is pegged at 20.4%, with earnings growth exceeding 100% and its estimate up more than 100%.

Corpay has raised its full-year 2026 revenue guidance to between US$5.25 billion and US$5.33 billion, alongside higher expected earnings per share, reflecting sustained double-digit organic revenue growth and productivity gains. The upgraded outlook reinforces confidence in the company's cross-border expansion and automation efforts within its global B2B payments and expense management business. However, the investment narrative also highlights the unresolved risk that emerging real-time payment networks and new digital payment rails could eventually compress Corpay's economics. The company's long-term projections target US$6.6 billion in revenue and US$2.1 billion in earnings by 2029, implying 11.1% annual revenue growth and a US$0.9 billion increase in earnings from current levels.

Analysts have issued fresh price targets for Corpay, with Wolfe Research raising its target to US$450 from US$375 and Loop Capital initiating coverage with a US$406 target, while prior cuts from Baird and BofA underscore a wide range of views. The company reported strong first quarter 2026 results and raised its full-year 2026 outlook, citing five-year compound annual revenue growth of 15.4%, earnings per share growth of 15.8%, and an average return on equity of 31.7%. Corpay issued second quarter 2026 guidance with revenue of about US$1.295 billion at the midpoint, net income between US$301 million and US$321 million, and net income per diluted share between US$4.59 and US$4.79. Full-year 2026 guidance was raised to total revenue between US$5.25 billion and US$5.33 billion, net income between US$1.352 billion and US$1.432 billion, and net income per diluted share between US$20.39 and US$21.19. Between January 1 and March 31, 2026, Corpay repurchased 2,385,000 shares for US$785.98 million, and management indicated it is actively pursuing M&A while planning further divestitures of non-core businesses.

Corpay Inc. reported first-quarter 2026 earnings of $5.80 per share, beating the Zacks Consensus Estimate by 5.5% and rising 28.6% year over year, while total revenues of $1.26 billion surpassed estimates by 4.4% and increased 25.4%. The company has driven organic revenue growth of 10%, 20%, and 10% in 2023, 2024, and 2025 respectively, supported by higher transaction volumes and strategic acquisitions such as GPS Capital Markets and Paymerang in 2024. However, interest expenses rose 111.7%, 9.8%, and 5.4% over the same three years, and a current ratio of 0.98 at the end of the first quarter of 2026 signals liquidity below the industry average of 1.1. Corpay also faces seasonality in its fuel card, workforce payment, and gift card businesses, along with foreign exchange risks from currencies including the British pound, Brazilian real, and euro. The company repurchased shares worth $686.9 million, $783 million, and $1.3 billion in 2023, 2024, and 2025 respectively, underscoring its shareholder-friendly approach.

Corpay, Inc. has outperformed the S&P 500 Index over the past three months and on a year-to-date basis. Shares of the Atlanta-based B2B payment solutions company have soared 16.2% over the past three months, compared to the S&P 500's 11.8% gain, and are up 19.8% year to date versus the index's 9.7% rise. However, over the past 52 weeks, Corpay has gained 8.4%, lagging the S&P 500's 25.6% return. The stock surged 12.5% on May 7 after reporting first-quarter 2026 revenue of $1.26 billion, a 25% year-over-year increase, and adjusted earnings per share of $5.80, up 29%, while management raised its full-year 2026 outlook. Analysts have a consensus rating of Moderate Buy with a mean price target of $394.14, implying a 9.1% premium.